![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
Money matters
Jul. 14th, 2007 12:25 pmThings get more and more concerning at Neteller. Gord Herman quit yesterday. The company continues to delay releasing its figures for 2006, and its shares remain suspended. Not really the kind of company that you want to leave several thousand dollars sitting in, I would say, even if the company continues to function and current transactions appear to be going through okay.
Since Neteller assures us that customers' deposits are kept separately, withdrawals only impact the company in the sense that it loses interest. And, to be honest, I'm fairly confident that the finances aren't too bad. But resignations of high-powered executives for unspecified reasons are enough to make me cautious and I'm going to reduce my exposure in case things do go belly-up.
Party and Ultimate seem willing to send me dollar cheques (although the one from UB hasn't arrived yet, and I only put in the Party withdrawal order this morning). This means that I should be able to get money into my Schwab account through the route of Main site to Neteller, Neteller to Party/Ultimate, Play enough hands at Party/Ultimate to merit a withdrawal, Order cheque withdrawal, Wait, Get cheque, deposit in Citibank, wait for cheque to clear, transfer to Schwab.
This compares with the old route of, er, Main site to Neteller, Neteller to Schwab.
As back-up, it looks as if I've got my UK bank account linked to Neteller as well, provided I am willing to take the disgraceful exchange rate hit.
( some hands )
Since Neteller assures us that customers' deposits are kept separately, withdrawals only impact the company in the sense that it loses interest. And, to be honest, I'm fairly confident that the finances aren't too bad. But resignations of high-powered executives for unspecified reasons are enough to make me cautious and I'm going to reduce my exposure in case things do go belly-up.
Party and Ultimate seem willing to send me dollar cheques (although the one from UB hasn't arrived yet, and I only put in the Party withdrawal order this morning). This means that I should be able to get money into my Schwab account through the route of Main site to Neteller, Neteller to Party/Ultimate, Play enough hands at Party/Ultimate to merit a withdrawal, Order cheque withdrawal, Wait, Get cheque, deposit in Citibank, wait for cheque to clear, transfer to Schwab.
This compares with the old route of, er, Main site to Neteller, Neteller to Schwab.
As back-up, it looks as if I've got my UK bank account linked to Neteller as well, provided I am willing to take the disgraceful exchange rate hit.
( some hands )
